Incident coverage definition

Incident coverage means that the insurer will pay damages within the limits of the insured amount, if negligence occurred during the contract validity period, irrelevant of when the patient submit the claim (even outside the contract validity period).
View Source

Examples of Incident coverage in a sentence

  • To indemnify salary which an Insured continues to pay an employee who has been the victim of an Active Assailant Incident; coverage shall apply to the Salary in effect at the time of such Active Assailant Incident and will end thirty (30) days following the date such Active Assailant Incident occurs.

  • If Cyber Extortion Incident coverage is purchased as indicated at Item 3 of the Declarations, the Insurer will indemnify the Company for Extortion Costs incurred by such Company resulting from any Claim first made against the Insureds during the Policy Period for any Wrongful Acts taking place on or after the Retroactive Date and before the end of the Policy Period, provided all such Claims are reported to the Insurer pursuant to Section VI, NOTICE, below.

Related to Incident coverage

  • Lot coverage means the percentage of lot area covered by all buildings on the lot;

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Fraud Coverage During the period prior to the first anniversary of the Cut-Off Date, 2.00% of the aggregate principal balance of the Mortgage Loans as of the Cut-Off Date (the "Initial Fraud Coverage"), reduced by Fraud Losses allocated to the Certificates since the Cut-Off Date; during the period from the first anniversary of the Cut-Off Date to (but not including) the fifth anniversary of the Cut-Off Date, the amount of the Fraud Coverage on the most recent previous anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) reduced by Fraud Losses allocated to the Certificates since such anniversary; and during the period on and after the fifth anniversary of the Cut-Off Date, zero. On each anniversary of the Cut-Off Date, the Fraud Coverage shall be reduced to the lesser of (i) on the first, second, third and fourth anniversaries of the Cut-Off Date, 1.00% of the aggregate principal balance of the Mortgage Loans as of the Due Date in the preceding month and (ii) the excess of the Initial Fraud Coverage over cumulative Fraud Losses allocated to the Certificates since the Cut-Off Date. The Fraud Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies.